Reliance Industries is one of the most profitable companies in India, the largest publicly traded company in India by market capitalization,
BP, Shell and Statoil are among the energy giants teaming on a new blockchain trading platform. The goal is to better track trading and shipments of oil and natural gas.
The consortium that built the platform includes ING, ABN Amro and Societe Generale,
BP is “experimenting” with blockchain as a way to make oil and gas trading easier, according to a report in the Financial Times.
The energy giant said it was exploring ways to make blockchain work for its needs, focusing on the “practical and ethical”